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FREEHOLD INVESTMENT FOR SALE: 82-84 Seven Sisters Road, London N7 6AE
LOCATION:
The property is located on a busy section of Seven Sisters Road close to the Nag’s Head Shopping Centre. The multitude of shops and restaurants of Seven Sisters Road close to Holloway Road junction are within the immediate vicinity. Local occupiers include Clarks, 99p and Peacocks. Transport facilities are convenient with Holloway Road (Piccadilly Line) and Finsbury Park (Victoria Line, Piccadilly Line, London Overground and National Rail) Stations nearby.
DESCRIPTION:
The property is arranged as two ground floor retail units and four self-contained one-bedroom flats on the two upper floors with independent street access.
ACCOMMODATION:
| Unit | Floor | Use | Gross Internal Area
Approximate |
|
| Sq Ft | Sq M | |||
| Flat A | First | One Bedroom Flat | 547 | 50.81 |
| Flat B | First | One Bedroom Flat | 516 | 47.90 |
| Flat C | Second | One Bedroom Flat | 547 | 50.81 |
| Flat D | Second | One Bedroom Flat | 516 | 47.90 |
| TOTAL GIA | 2,126 | 197.42 | ||
| Unit | Floor | Use | Net Internal Area
Approximate |
|
| Sq Ft | Sq M | |||
| No. 82 | Ground | Retail Premises | 587 | 54.56 |
| No. 84 | Ground | Retail Premises | 664 | 61.65 |
| TOTAL NIA | 1,251 | 116.21 | ||
TENANCIES:
| Unit | Income | Term | |
| Per Calendar Month | Per Annum | ||
| No. 82 | £1,833.33 | £22,000.00 | FRI Lease for a term of 10 years, expires on 24/09/2021. |
| No. 84 | £1,833.33 | £22,000.00 | FRI Lease for a term of 15 years, expires on 24/09/2026. |
| Flat A | £1,213.33 | £14,560.00 | Assured Shorthold Tenancy (AST) expired on 15/07/2019. (holding over) |
| Flat B | £1,213.33 | £14,560.00 | Assured Shorthold Tenancy (AST) expires on 21/09/2020. |
| Flat C | £1,257.00 | £15,084.00 | Assured Shorthold Tenancy (AST) expires on 21/09/2020. |
| Flat D | £1,257.00 | £15,084.00 | Assured Shorthold Tenancy (AST) expires on 21/09/2020. |
| Total Income | £8,607.32 | £103,288 | |
* Further information on the commercial leases are available upon request.
TENURE:
Freehold.
PRICE:
Offers in excess of £1,900,000.
LEGAL COSTS:
Each party to bear their own legal costs.
NOTE:
Under the Estate Agents Act 1979, Section 21, the Agents declare personal interest in the subject property.
VIEWING:
Strictly by appointment through SOLE agents as above.
CONTACT:
Mert Seyhan (020 7482 1203 / mert.seyhan@christo.co.uk)
SUBJECT TO CONTRACT
NOTICE RELATING TO THE PROPERTY MISDESCRIPTIONS ACT:
Christo & Co as Agents and for the Vendors/Lessors of this property give notice that: 1) These particulars have been checked and are understood to be materially correct at the date of publication. The content however, is given without responsibility and should not, in any circumstances, be relied upon as representations of fact. Intending Purchasers/Lessees should satisfy themselves as to their correctness and as to the availability to the property prior to arranging viewings of the property. 2) These particulars are a guide only and do not form part of an offer or contract. 3) Christo & Co, their employees, nor the Vendors/Lessors make or give any representation or warranty in relation to the property. 4) No representation or warranty is given in respect of any part, equipment or services at the property. 5) Unless otherwise stated, prices, rents or other prices quoted are exclusive of VAT. Intending Purchasers/Lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction relating to this property. 6) Date of Publication: June 2020.
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